In the year 2000, the government initiated major economic reforms to restructure Angola’s industrial sector. The IMF and World Bank have in recent years funded strategic reforms to boost the infrastructure and business environment in Angola.
Petroleum and diamonds are the major industries in Angola, contributing to more than 90 percent of the country’s GDP and export volume.
2012 GDP Forecast: $1.32 billion
GDP Growth: 10.496%
Related: Angola Fast Facts
Photo Credit: José Aloisio Soares